The latest upgrade to Batched Threshold Encryption (BTE), known as BEAST-MEV, promises to enhance fairness in decentralized finance (DeFi) by significantly reducing decryption times. This advancement allows for the decryption of approximately 500 transactions in under one second, utilizing only 6KB of communication and a silent, non-interactive setup.
BTE works by encrypting transactions until block finalization, effectively preventing frontrunning and sandwich attacks, which are major components of extractive Miner Extractable Value (MEV). The BEAST-MEV upgrade represents a substantial improvement over previous models, potentially paving the way for a more fair, private, and trustless DeFi ecosystem.
BEAST-MEV Upgrade Enhances DeFi Security with Faster Decryption
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